Frequently asked questions relating to Boldon Colliery Lease Extensions

  • Me and my wife are looking for lease extension for our ground floor flat in Boldon Colliery and we are confused by the letter that we got from our freehold company. What's your legal fee?
  • 35k agreed with the freeholder, just seeking to find a Boldon Colliery for a lease extension. Our lease has roughly 63 yearsoutstanding. What's your solicitors fee ?
  • I own a leasehold flat in the Boldon Colliery area and was wondering whether I could get a lease extension. What are your processes and fees. Has 74 years left
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Boldon Colliery and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with TSB to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease began in 1981 and since then the ground rent has been raised from £38.00 per annum to £300 per annum.
  • I am thinking about purchasing an auction property and came upon a two bed flat in Boldon Colliery. It only has a 49 year lease..the vendor being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with Nationwide Building Society?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • We have owned a leasehold flat for approximately fifteen years. It now has seventy five years left on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 63 years. I need a at my end. Can you advise please? I live near Boldon Colliery and have a mortgage with National Westminster Bank.
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Boldon Colliery. We have a sixety three year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Boldon Colliery